ZIP Code · FL

ZIP 33063

Part of Margate, FL

Pop. 55,466·Broward County·313th most expensive ZIP in Florida

Median rent (all units)

$2,095/mo

Year-over-Year

-1.5%

Month-over-Month

-0.7%

vs US Median

+$163

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 33063 · $2,095

More expensive than 66% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,750

1 BR

$1,910

2 BR

$2,350

3 BR

$3,240

4 BR+

$3,840

Research median

$2,350/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 33063 is 2% below its high of $2,138 in March 2026, at $2,095 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 33063 changed -1.5% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 33063 rose 52% while median household income rose 35.5% ($46,450 to $62,918). Rent outpaced income.

Since before the pandemic

Rent in ZIP 33063 is 48.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 4 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($62,918) is $1,573 a month. That is less than HUD's Fair Market Rent for a studio ($1,750).

From Zillow's monthly rent index (ZORI) for ZIP 33063. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$25,140/yr

At $2,095/mo median

Location

CityMargate

StateFL

CountyBroward County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 1.5% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-1.5% YoY, -0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 33063 (Margate, FL) is majority owner-occupied, has a large retiree population, has a median income below the national average, 27.6% of residents hold a bachelor's degree or higher.

Population

55,466

Median income

$62,918

Median age

Renters

26.3%

Age distribution

17%

18.5%

24.2%

16.7%

23.6%

Under 1817%

18–3418.5%

35–5424.2%

55–6416.7%

65+23.6%

Gender

46.4%

53.6%

Male46.4%

Female53.6%

Race & ethnicity

38.4%

28.3%

28.7%

White38.4%

Black28.3%

Hispanic28.7%

Asian3.5%

Other1.1%

Education (25+)

31.5%

29.8%

27.6%

No HS diploma11.1%

HS diploma31.5%

Some college29.8%

Bachelor's+27.6%

Housing tenure

73.7%

26.3%

Owner73.7%

Renter26.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 33063 in Margate, FL has changed in 5 years

Rent

$1,534 → $2,095

up 36.6%

Income

$53,594 → $62,918

up 17.4%

Population

54,907 → 55,466

up 1.0%

Renter share

28.7% → 26.3%

-2.4 pts

Bachelor's+

26.2% → 27.6%

+1.4 pts

Median age

47.2 → 45

-2.2 yrs

Five years ago, renters in ZIP 33063 in Margate, FL paid around $1,534 a month. That figure now sits near $2,095, up 36.6% from the 2021 baseline. Local incomes tracked alongside that move, going from a median of $53,594 in 2021 to $62,918 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 33063 in Margate, FL adding about 559 residents over the five-year window, up 1.0% on net. The renter share has eased from 28.7% to 26.3%, with owner-occupied housing accounting for the remainder. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 33063 in Margate, FL market of 2021.

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About renting in ZIP 33063

Last updated: October 17, 2026

ZIP code 33063 covers Margate, FL. The median rent here is $2,095/mo as of October 2026. A 1-bedroom rents for a median of $1,910/mo. A 2-bedroom rents for a median of $2,350/mo.

At 40% of local median household income ($62,918/yr), ZIP 33063 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33063?

To keep rent at or below 30% of gross income, you would need to earn at least $84,000/year (about $40/hour full-time) to afford the median rent of $2,095/mo in ZIP 33063. The local median household income is $62,918/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 33063?

Rent in ZIP 33063 has fallen 1.5% over the past year as of September 2026. It sits 2% below its high of $2,138 in March 2026.

Has rent outpaced income in ZIP 33063?

Yes. From 2019 to 2024, rent in ZIP 33063 rose 52% while median household income rose 35.5%, from $46,450 to $62,918. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 33063 compare to other ZIPs in Florida?

ZIP 33063 is in the middle among Florida ZIP codes for rent, ranking #313 of 656 at $2,095/mo. Over the year to September 2026, rent in ZIP 33063 changed -1.5%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.